Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h —

Price spread now: Paragon against Lighter−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Paragon is 0.070% cheaper against Lighter than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAOI	107.59	0.0032	pay 0.0004% / 1h	25m 44s	—	—	10x
Short	Paragon para:AAOI	107.51	0.0285	get 0.0036% / 1h	25m 44s	$226K	$720K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ParagonbpOrdersPrice spread, now −0.070%Rate

Funding earned: $53.17
Price spread: −0.070% → 0.000%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paragon: 5 bp × 2 orders: −$10
Net: $36.13
Costs to cover: 0.100%
Break-even: 2.2 days

Slippage unknown: Lighter: no order-book sample; Paragon: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter no order-book sample	—	—	—	—	—
Sell Paragon live order book, 50 min ago	2.28 bp	21.9 bp −$22	112.4 bp −$1,124	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAOI on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAOIUSDT	−0.1447%	8h	107.79	+0.186%	$2.8M	$3.5M	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	107.54	−0.043%	$40K	$37K	20x	as long as short
Extended AAOI-USD	0.0000%	1h	107.61	+0.018%	$14K	$237K	10x	as long as short
Binance AAOIUSDT	0.0000%	8h	107.68	+0.086%	$14.6M	$44.1M	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.61	+0.019%	$3.7M	$13.3M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.61	+0.021%	$147K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.58	−0.009%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.79	+0.186%	$24K	$46K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0004%	8h	108.11	+0.487%	$350	$114K	10x	as long as short
BloFin AAOI-USDT	+0.0010%	8h	107.55	−0.037%	$272K	$63K	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOIlong	+0.0032%	1h	107.59	long leg	—	—	10x
Bybit AAOIUSDT	+0.0048%	8h	107.64	+0.046%	$1.7M	$2.8M	25x	as long as short
Popdex AAOIUSDT	+0.0048%	1h	107.60	+0.009%	$181	$110K	20x	as long as short
QFEX AAOI-USD	+0.0054%	1h	107.59	0.000%	$1.1M	$1.9M	10x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.60	+0.009%	$451K	$196K	20x	as long as short
Orderly PERP_AAOI_USDC_mythos	+0.0100%	8h	107.53	−0.056%	$1K	$13K	10x	as long as short
Aevo AAOI-PERP	+0.0104%	1h	107.55	−0.039%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0237%	1h	107.64	+0.046%	$2.0M	$1.4M	10x	as long as short
Paragon para:AAOIshort	+0.0285%	1h	107.51	−0.070%	$226K	$720K	10x
OKX AAOI-USDT-SWAP	+0.0391%	8h	107.80	+0.195%	$4.9M	$20.1M	20x	as long as short
edgeX AAOIUSDC	+0.0804%	4h	108.02	+0.398%	$13K	$263K	10x	as long as short